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we expect janet yellen will be confirmed as the federal reserve chair. we expect there could be a large number of no votes. as many as 30. that's the high water mark for no votes for a fed chair nominee. we think that janet yellen might get 30, possibly more no votes here today. nonetheless, it won't be enough to stop her. we expect that she will go through here. you have to keep an eye on these things. it's the senate. >> we do. thanks for that. not packed like that senate chamber is empty. josh, you're gearing up for this vote for some time. >> i am. >> you're all decked out. >> i would like to point out any janet yellen tie, made by vineyard vines. it's a gift. and it's got janet riding a dove. and there's a magic wand, creating money out of thin air. along with the donkey and the elephant battling it out. it sums up the market view. thank you for this beautiful tie. >> thanks. >>> apple downgrade -- >> anybody else any other shameless plugs? b.k., you got a bitcoin deal? this is fantastic. >> are you getting paid? >> why am i supposed to say. >> you
we expect janet yellen will be confirmed as the federal reserve chair. we expect there could be a large number of no votes. as many as 30. that's the high water mark for no votes for a fed chair nominee. we think that janet yellen might get 30, possibly more no votes here today. nonetheless, it won't be enough to stop her. we expect that she will go through here. you have to keep an eye on these things. it's the senate. >> we do. thanks for that. not packed like that senate chamber is...
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we expect janet yellen will be confirmed but what you want to watch for here are the no votes for janet yellen, because we could be on the verge of a historic total of no votes. i went ahead earlier today and put together a graph of every single vote for a federal reserve chairman over the course of the past 20 years or so. let me give you just one little slice of it. look at paul voelker's no-votes in 1983 in the teeth of a very tough recession, high interest rates. he got 16 no votes. ben bernanke back in 2010, last time around, got 30 no votes and we expect that janet yellen could hit that threshold or beat it and have the highest level of no votes ever, possibly, this evening. that's going to be some little bit of drama to watch for. but the overall drama, not so much. we expect janet yellen will be confirmed. >> thank you very much. >>> still ahead, a market discussion that would make charles dickens proud. we tasked two of our greatest market minds to come up with their great expectations. i promise no oliver twists in this discussion. >>> the sharks are coming to cnbc. we will sp
we expect janet yellen will be confirmed but what you want to watch for here are the no votes for janet yellen, because we could be on the verge of a historic total of no votes. i went ahead earlier today and put together a graph of every single vote for a federal reserve chairman over the course of the past 20 years or so. let me give you just one little slice of it. look at paul voelker's no-votes in 1983 in the teeth of a very tough recession, high interest rates. he got 16 no votes. ben...
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Jan 6, 2014
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the senate is going to vote on janet yellen's nomination. that's set for 5:30. oh, my god, they are working that late today? she's expected to win confirmation. and treasurecy secretary jack lew is going to visit france, germany and portugal and hold discussions with his counterparts. he's expected to renew pressure on germany to boost domestic demand and embrace a deeper banking union, which a lot of people think would be important. they have -- they are supposedly one place and it's only just -- words are one thing, but they need to have a lot more things to come under one body. >> that was the problem the whole time. you have to be able to take autonomy and make decisions overall, if you can't do that -- >> remember when tim told him what to do. they didn't like that. >> yeah. they do chafe at things like that, but i think we're in a position -- >> it's a lousezy time of year to go over there. >> we're headed to, i do. >> if he's going to ski, that's a different story. >>> we'll talk about technology news, the annual international gadget show is taking place
the senate is going to vote on janet yellen's nomination. that's set for 5:30. oh, my god, they are working that late today? she's expected to win confirmation. and treasurecy secretary jack lew is going to visit france, germany and portugal and hold discussions with his counterparts. he's expected to renew pressure on germany to boost domestic demand and embrace a deeper banking union, which a lot of people think would be important. they have -- they are supposedly one place and it's only just...
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janet yellen expected to be confirmed as the next fed chair. if she's confirmed she'll be the first woman ever to run the federal reserve starting february 1st. alfred former richmond federal reserve president and risk advisory chairman joining us this morning with more. guys, good morning to both of you. >> good morning, carl. >> it's been said she's in, mark, essentially. the thing to watch will be no votes. i think bernanke got 30, which was one of the highest ever. what are you expecting? >> when you're going through the confirmation process, no news is good news, and that's what we're hearing about vice chair yellen at the moment. i suspect it will be a handful of votes but not many. now that you only need to reach the 50-vote threshold, that makes it a lot easier and a lot less reason to get excited. >> al, after today and after she is effectively given the gavel, how does she get through the first couple of weeks here? we're going to get a lot of fed speak. and now that we know the taper question is relatively answered, what are we looki
janet yellen expected to be confirmed as the next fed chair. if she's confirmed she'll be the first woman ever to run the federal reserve starting february 1st. alfred former richmond federal reserve president and risk advisory chairman joining us this morning with more. guys, good morning to both of you. >> good morning, carl. >> it's been said she's in, mark, essentially. the thing to watch will be no votes. i think bernanke got 30, which was one of the highest ever. what are you...
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threshold of janet yellen's confirmation as federal reserve chair. she's well on her way to confirmation. the no votes stand at 26. we're going to watch this vote which is ongoing, to see if she got more than 30 no >>> my mission is simple, to make you money. i'm here to level the playing field for all investors. there is always a bull market somewhere, and i promise 0 to help you find it. "mad money" starts now. >> hey, i'm cramer. welcome to "mad money." welcome to cramerica. my job is to teach you. call me at 1-800-743-cnbc. when you know what you want ahead of time, when you figured out what you will do if we get a correction in days like today where the dow was down, the s&p down, these days are made for you. first let's discuss money saving tactics before we address profit making strategies. for as long as i've been doing this show, i've been astounded by how bullish people get at the opening bell on mondays. it's like they can't contain themselves. when we have an up opening where the s&p futures are going higher, moving all stocks reflecting
threshold of janet yellen's confirmation as federal reserve chair. she's well on her way to confirmation. the no votes stand at 26. we're going to watch this vote which is ongoing, to see if she got more than 30 no >>> my mission is simple, to make you money. i'm here to level the playing field for all investors. there is always a bull market somewhere, and i promise 0 to help you find it. "mad money" starts now. >> hey, i'm cramer. welcome to "mad money."...
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we have a lot of data, possibly janet yellen's confirmation this afternoon. there's a lot for the market to digest. bob pisani is here to talk about it. >> the dow was up 50 points and within ten minutes of being on the air, ten minutes i was on air for the open, we just drifted lower. take a look at the s&p 500. we're struggling now, essentially three days on the down side. that hasn't happened since 2005. bond yields drop as the ism services came in weaker than expected and it kept dropping. the markets didn't immediately react to that but there you see right after 10:00, those numbers coming in. people asking me what's wrong with the stock market, bob. i'm not sure there is a lot wrong with it. if you want some reasons, the china data was weaker the last several days, the ism services and the manufacturing numbers. the u.s. data has been choppy. the services number for today for ism and the december auto sales were nothing to write home about. then the cold weather has been impacting the economy. hope you have been listening to phil out there talking about
we have a lot of data, possibly janet yellen's confirmation this afternoon. there's a lot for the market to digest. bob pisani is here to talk about it. >> the dow was up 50 points and within ten minutes of being on the air, ten minutes i was on air for the open, we just drifted lower. take a look at the s&p 500. we're struggling now, essentially three days on the down side. that hasn't happened since 2005. bond yields drop as the ism services came in weaker than expected and it kept...